Energy CEOs Call For Keystone Pipeline Approval

Leading energy executives released a report Monday calling on Congress and the White House to approve more drilling projects and approve the Keystone XL pipeline from Canada, which environmentalists complain would expand the use of especially carbon-heavy fuel that releases more emissions that contribute to climate change.

The CEOs' report was released by the Business Roundtable, a group representing major corporate exectuives, and outlined its proposals for a broad national energy policy. The CEO of TransCanada, the company proposing the Keystone pipeline, is a member of the organization. Other recommendations included increased federal investment in renewable energy and related research and a national effort to promote energy efficiency. The report added that the Business Roundtable endorses "collective action" internationally to combat climate change by limiting emissions.